China Minsheng (OTCMKTS:CMAKY) Hits New 52-Week Low – What’s Next?

China Minsheng (OTCMKTS:CMAKY) hit a new 52-week low during trading on Monday. The stock traded as low as $3.82 and last traded at $3.98, with a volume of 1,820 shares. The stock had previously closed at $4.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of China Minsheng from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, China Minsheng has an average rating of “Hold”.

China Minsheng Trading Down 3.4%

The business’s 50 day moving average price is $4.41 and its two-hundred day moving average price is $4.41. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 4.68 and a beta of 0.25.

China Minsheng (OTCMKTS:CMAKY) last posted its quarterly earnings data on Friday, August 28th. The company reported $0.21 earnings per share for the quarter. China Minsheng had a return on equity of 3.89% and a net margin of 10.72%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.23 billion. Analysts expect that China Minsheng will post 1.00 EPS for the current year.

China Minsheng Company Profile

China Minsheng Banking Corp., Ltd., listed in the United States through its American depositary receipt program under the symbol CMAKY, is a Chinese commercial bank headquartered in Beijing. Established in 1996, it was founded as one of China’s first nationally operated commercial banks primarily established with non-state capital.

The bank provides a range of financial services to corporate, institutional and individual customers. Its activities include corporate and personal banking, deposits, lending, payments and settlement services, trade finance, credit cards, wealth management, investment banking and financial-market services.